CubeSmart (CUBE) Operating Margin (2010 - 2026)
CubeSmart (CUBE) posted quarterly Operating Margin of 7.46% for Q2 2026, down 64.0% year-over-year from 20.72% in Q2 2025, and down 9.24% on a QoQ basis from 8.22% in Q1 2026.
CubeSmart (CUBE) Operating Margin (2010 - 2026) Analysis & Trends
CubeSmart has reported Operating Margin for 17 years, with the latest figure at 7.46% in Q2 2026.
- Operating Margin for Q2 2026 came in at 7.46%, down 64.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 7.68% (down 556.0% YoY), and the FY2025 annual result was 8.68%, down 683.0% from the prior year.
- Operating Margin declined to 7.46% in Q2 2026, from 8.22% in the prior quarter.
- Over five years, Operating Margin peaked at 21.88% in Q4 2023 and troughed at 0.15% in Q1 2022.
- A 5-year average of 11.78% and a median of 12.28% in 2025 frame the typical range for Operating Margin.
- The widest annual swing landed in 2023, when Operating Margin soared 1906 bps; it then slumped 1010 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 12.87% in 2022, then surged by 70 bps to 21.88% in 2023, then declined by 17 bps to 18.06% in 2024, then slumped by 56 bps to 7.96% in 2025, then fell by 6 bps to 7.46% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 7.46% in Q2 2026, 8.22% in Q1 2026, and 7.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 51.59% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 37.85% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 44.86% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 40.64% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 3.97% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 7.46% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | - |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | - |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | - |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | -43.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.46% |
| Mar 31, 2026 | 8.22% |
| Dec 31, 2025 | 7.96% |
| Sep 30, 2025 | 7.08% |
| Jun 30, 2025 | 8.10% |
| Mar 31, 2025 | 11.70% |
| Dec 31, 2024 | 18.06% |
| Sep 30, 2024 | 15.39% |
| Jun 30, 2024 | 12.91% |
| Mar 31, 2024 | 15.68% |
| Dec 31, 2023 | 21.88% |
| Sep 30, 2023 | 18.19% |
| Jun 30, 2023 | 17.82% |
| Mar 31, 2023 | 19.21% |
| Dec 31, 2022 | 12.87% |
| Sep 30, 2022 | 5.73% |
| Jun 30, 2022 | 3.60% |
| Mar 31, 2022 | 0.15% |
| Dec 31, 2021 | 6.46% |
| Sep 30, 2021 | 7.75% |